Business Topics

| Feb 14, 2017

Nikkei plunges on Flynn's ouster

Stocks turned sharply lower Tuesday, weighed down by the yen’s rise following the resignation of U.S. President Donald Trump’s national security adviser. The Nikkei 225 average lost 220.17 points, or 1.13 percent, to finish at 19,238.98. On Monday, the key market gauge rose 80.22 ...

| Feb 10, 2017

Tokyo stocks surge on Trump policy hopes

Stocks turned sharply higher on the Tokyo Stock Exchange Friday, after the dollar and U.S. equities soared on hopes for U.S. President Donald Trump’s economic policies. The 225-issue Nikkei average jumped 471.26 points, or 2.49 percent, to end at 19,378.93. On Thursday, the key ...

World's biggest FX trader calls Trump currency talk hogwash

Feb 10, 2017

World's biggest FX trader calls Trump currency talk hogwash

Hogwash. Hot air. That’s what Willem Buiter, chief economist at Citigroup Inc., makes of the Trump administration’s comments on exchange rates. The world’s largest foreign-exchange trading firm sees the dollar rising this year even as the president talks the greenback down and blasts some ...

| Feb 9, 2017

Tokyo stocks hurt by yen's rise

Stocks turned lower on the Tokyo Stock Exchange Thursday, hurt by a rise in the yen against the dollar. The 225-issue Nikkei average lost 99.93 points, or 0.53 percent, to end at 18,907.67. On Wednesday, the key market gauge gained 96.82 points. The Topix ...

| Feb 8, 2017

Dollar firmer around ¥112.30 in Tokyo

The dollar rose moderately to around ¥112.30 in Tokyo trading on Wednesday, aided by higher Japanese stock prices and a rise in U.S. long-term interest rates. At 5 p.m., the dollar stood at ¥112.35-35, up from ¥112.10-11 at the same time Tuesday. The euro ...